BBVA Compass is offering online banking that comes with a free tablet, remote check deposit, a card reader and no monthly fee to the smallest of businesses in an effort to compete with Square. "When you consider almost 95% of small businesses in our country have annual revenue of less than $500,000, and about two-thirds of them are meeting their business checking account needs through their personal accounts, it screams out that there's a product gap causing them to default to their personal account," said Lonnie Hayes of BBVA Compass.

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